Cencora, Inc. Amends Filing for Director Changes
Ticker: COR · Form: 8-K/A · Filed: Mar 15, 2024 · CIK: 1140859
| Field | Detail |
|---|---|
| Company | Cencora, INC. (COR) |
| Form Type | 8-K/A |
| Filed Date | Mar 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1,350,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, amendment, director-changes
TL;DR
Cencora's board is shuffling: director out, new director in, and executive pay details updated.
AI Summary
Cencora, Inc. filed an amendment (8-K/A) on March 15, 2024, to a previous filing from March 11, 2024. This amendment primarily concerns the departure of a director, the election of a new director, and updates related to the compensatory arrangements of certain officers. The filing does not appear to involve significant financial transactions or new business developments beyond these corporate governance changes.
Why It Matters
This amendment signals changes in the company's board of directors, which can impact strategic decision-making and corporate governance oversight.
Risk Assessment
Risk Level: low — The filing is an amendment to report routine corporate governance changes, not significant financial events or strategic shifts.
Key Players & Entities
- Cencora, Inc. (company) — Registrant
- March 11, 2024 (date) — Earliest event date
- March 15, 2024 (date) — Filing date
- Delaware (location) — State of incorporation
FAQ
What specific item is being amended in this 8-K/A filing?
This 8-K/A filing amends Item 5.02, which covers the departure of directors or certain officers, election of directors, and appointment of certain officers, as well as Item 5.07 regarding the compensatory arrangements of certain officers.
What is the exact date of the earliest event reported in this filing?
The earliest event reported is dated March 11, 2024.
When was this amendment filed with the SEC?
This amendment was filed on March 15, 2024.
What is Cencora, Inc.'s state of incorporation?
Cencora, Inc. is incorporated in Delaware.
What was Cencora, Inc.'s former name?
Cencora, Inc.'s former name was AmerisourceBergen Corp, with a date of name change on May 17, 2001.
Filing Stats: 981 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-03-15 16:35:29
Key Financial Figures
- $1,350,000 — ll be (i) paid an annual base salary of $1,350,000 and (ii) eligible for the same long-ter
- $1,000,000 — ollis will be (i) paid a base salary of $1,000,000 and (ii) eligible for the same long-ter
Filing Documents
- tm248865d1_8ka.htm (8-K/A) — 31KB
- tm248865d1_ex10-1.htm (EX-10.1) — 121KB
- tm248865d1_ex10-2.htm (EX-10.2) — 137KB
- 0001104659-24-035045.txt ( ) — 529KB
- cor-20240311.xsd (EX-101.SCH) — 3KB
- cor-20240311_lab.xml (EX-101.LAB) — 33KB
- cor-20240311_pre.xml (EX-101.PRE) — 22KB
- tm248865d1_8ka_htm.xml (XML) — 4KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Employment Agreement with Robert P. Mauch On March 12, 2024, the Company and Mr. Mauch entered into an amended and restated employment agreement (the "Mauch Employment Agreement"), effective as of the Effective Date. Pursuant to the terms of the Mauch Employment Agreement: Mr. Mauch will be (i) paid an annual base salary of $1,350,000 and (ii) eligible for the same long-term and short-term incentive arrangements as provided for other executive officers of the Company, as described in the "Compensation Discussion and Analysis" section of the Company's definitive proxy statement filed with the Securities and Exchange Commission on January 29, 2024 (the "2024 Proxy Statement"). The Mauch Employment Agreement also provides for benefits and perquisites consistent with those described in the 2024 Proxy Statement for the Company's CEO. The Mauch Employment Agreement also provides for severance arrangements consistent with those provided to the Company's CEO, as described under "Potential Payments Upon Termination of Employment or Change in Control" of the 2024 Proxy Statement. Employment Agreement with Steven H. Collis On March 12, 2024, the Company and Mr. Collis entered into an employment, transition, and release agreement (the "Collis Employment Agreement"), effective as of March 12, 2024. Pursuant to the Collis Employment Agreement, Mr. Collis will continue to serve as Chairman, President and CEO of the Company until September 30, 2024 (the "Transition Period"). For a period of one year from the Effective Date, Mr. Collis will serve as Executive Chairman of the Board (the "Executive Chairman Period"). During the Transition Period, Mr. Collis will continue to receive his current base salary and incentive arrangements as described in the "Compensation Discussion and Analysis" and "Employment Agreements" sect
01 Financial
Item 9.01 Financial (d) Exhibits. Exhibit Number Description 10.1 Amended and Restated Employment Agreement, dated as of March 12, 2024, between the Company and Robert P. Mauch. 10.2 Employment, Transition, and Release Agreement, dated as of March 12, 2024, between the Company and Steven H. Collis. 104 Cover Page Interactive Data File (formatted as inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Cencora, Inc. March 15, 2024 By: /s/ Elizabeth S. Campbell Name: Elizabeth S. Campbell Title: Executive Vice President and Chief Legal Officer